Alert: Positive Investment/Fundamental Signals (4/2/24)-PowerFleet Inc (NASDAQ: PWFL)


Recent extremely meaningful positive changes in investment behavior have benefitted PowerFleet Inc (NASDAQ: PWFL): the stock rose on very heavy volume, and positive upside/downside volume developed.

PowerFleet Inc (NASDAQ: PWFL) has recently enjoyed important positive changes in fundamentals. Positive developments: the consensus estimate for December, 2024 increased significantly, the stock’s power rating rose above 70, and the consensus estimate for December, 2025 increased significantly. Negative development: significant quarterly sales deceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

PWFL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a major Value Builder.

PowerFleet has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. PowerFleet has a poor Appreciation Score of 22 but a very high Power Rating of 98, and the High Neutral Value Trend Rating results.

Recent Price Action

PowerFleet Inc (NASDAQ: PWFL) stock enjoyed a large increase of 4.1% on 4/2/24. The stock closed at $5.12. Moreover, trading volume in this advance was exceptionally high at 326% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 13.0% during the last week.

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